Increases and Extends Trade Receivables Securitization Program for Fortune 100 Client

Finacity Corporation announced that it successfully upsized and extended a significant trade receivables securitization transaction for one of its clients, a Fortune 100 Company, on November 30, 2004. The funding program was rolled over for a third year and increased to $70 million in funding availability. The initial facility, first funded in 2002, started at $40 million and included domestically originated receivables from obligors in Latin America and the Middle East, sold from one division. In addition to the original assets, the upsized transaction now includes receivables from obligors in the US and Canada which purchase from a second product division and through two other selling subsidiaries of Finacity’s client.

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Press Release

Dec 2020

Finacity Facilitates a USD 40 Million Receivables Securitization Program for Hyperion Materials & Technologies Inc.

Finacity has successfully launched a USD 40 million receivables securitization program for Hyperion Materials & Technologies, headquartered in Worthington, Ohio. The program includes substantially all of Hyperion’s US sales and a portion of Hyperion’s European sales. Finacity provided origination, analytic and structuring support, and serves as the ongoing Administrator.

Press Release

Dec 2020

Finacity Facilitates up to EUR 75 Million Receivables Securitization Program for Metinvest Trametal and Ferriera Valsider in Italy

Finacity Corporation (“Finacity”) has successfully launched a EUR 75 million receivables securitization program for Metinvest Trametal and Ferriera Valsider, two re-rolling steel mills headquartered in Genoa, part of Metinvest. Finacity provided origination, analytic and structuring support, and serves as the ongoing Administrator.

Press Release

Sep 2020

Finacity Arranges a EUR 60 million Receivables Securitization Facility for Kongsberg Automotive ASA

Finacity Corporation (“Finacity”) announces the closing of a trade receivables securitization program for Kongsberg Automotive ASA [OB: KOA] (“Kongsberg Automotive”), the Norwegian supplier to the global automotive industry. The securitization program finances trade receivables originated by the company’s businesses in the US, Canada, France, Poland and Slovakia.

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